Admiral Group plc (ADM) Receives Hold Rating from Peel Hunt
Admiral Group plc (LON:ADM)‘s stock had its “hold” rating restated by analysts at Peel Hunt in a note issued to investors on Tuesday. They presently have a GBX 2,012 ($24.90) target price on the stock. Peel Hunt’s price objective suggests a potential downside of 1.52% from the company’s current price.
ADM has been the subject of several other research reports. Berenberg Bank increased their price target on shares of Admiral Group plc from GBX 1,657 ($20.51) to GBX 1,804 ($22.33) and gave the company a “hold” rating in a research note on Friday, September 16th. Macquarie reissued an “underperform” rating and issued a GBX 1,542 ($19.08) price target on shares of Admiral Group plc in a research note on Wednesday, September 7th. HSBC increased their price target on shares of Admiral Group plc from GBX 1,865 ($23.08) to GBX 1,930 ($23.89) and gave the company a “hold” rating in a research note on Thursday, September 8th. Citigroup Inc. reissued a “sell” rating and issued a GBX 1,330 ($16.46) price target on shares of Admiral Group plc in a research note on Friday, July 8th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a GBX 1,725 ($21.35) price target on shares of Admiral Group plc in a research note on Wednesday, September 14th. Six equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of GBX 1,806.93 ($22.36).
Admiral Group plc (LON:ADM) opened at 2037.00 on Tuesday. Admiral Group plc has a one year low of GBX 1,514.00 and a one year high of GBX 2,288.00. The company’s 50-day moving average is GBX 2,055.14 and its 200 day moving average is GBX 2,001.59. The stock’s market capitalization is GBX 5.44 billion.
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The company also recently disclosed a dividend, which was paid on Friday, October 7th. Stockholders of record on Thursday, September 8th were issued a GBX 62.90 ($0.78) dividend. The ex-dividend date was Thursday, September 8th. This represents a dividend yield of 3.02%.
In other news, insider Jones ,Geraint acquired 87 shares of Admiral Group plc stock in a transaction dated Friday, September 2nd. The shares were acquired at an average cost of GBX 2,051 ($25.38) per share, for a total transaction of £1,784.37 ($2,208.38). Also, insider Holmes,Colin P sold 16,500 shares of the firm’s stock in a transaction on Thursday, August 18th. The shares were sold at an average price of GBX 2,089 ($25.85), for a total transaction of £344,685 ($426,590.35).
Admiral Group plc Company Profile
Admiral Group plc is a United Kingdom-based company engaged in the provision of car insurance. The Company has four segments: UK Car Insurance, International Car Insurance, Price Comparison and Other. The UK Car Insurance segment consists of the underwriting of car insurance and other products that supplement the car insurance policy.
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